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UnitedHealth is keeping tabs on its critics.

UnitedHealth is keeping tabs on its critics.

The Verge2 days ago
UnitedHealth is keeping tabs on its critics.
What do a filmmaker in Wisconsin, billionaire investor Bill Ackman, The Guardian, and a doctor who posted on TikTok all have in common? UnitedHealth has targeted them in an effort to clamp down on criticism. The company's legal tactics have only intensified after the murder of UnitedHealthcare CEO Brian Thompson, The New York Times reports.
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Dramatic rise in gastrointestinal cancers in people under 50
Dramatic rise in gastrointestinal cancers in people under 50

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Dramatic rise in gastrointestinal cancers in people under 50

There has been a dramatic rise in gastrointestinal cancers in people under the age of 50, according to a new review. Gastrointestinal cancers, such as colorectal cancer and pancreatic cancer, 'represent the most rapidly increasing early-onset cancer in the US,' researchers wrote in a review published in The Journal of the American Medical Association (JAMA) Thursday. Colorectal cancer, which develops in the colon or rectum, was the most common among early-onset gastrointestinal cancers in the U.S. in 2022, with just over 20,800 people diagnosed. There were 2,689 diagnoses of Gastric cancer, which develops in the stomach lining, that year, followed by 2,657 diagnoses of pancreatic cancer and 875 diagnoses of esophageal cancer. There has been a dramatic rise in gastrointestinal cancers in people under the age of 50, according to a new review (Getty Images) Most early-onset gastrointestinal cancers are linked to risk factors that could be changed, such as obesity, poor-quality diet, and a somewhat inactive lifestyle. Smoking cigarettes and drinking alcohol are other risk factors. 'It's really what people were doing or exposed to when they were infants, children, adolescents that is probably contributing to their risk of developing cancer as a young adult,' Dr. Kimmie Ng, the review's co-author and director of the Young-Onset Colorectal Cancer Center at Dana-Farber Cancer Institute, told NBC News. There are also risk factors that patients don't have control over such as family history and hereditary syndromes. People with early-onset colorectal cancer could have inflammatory bowel disease. Researchers wrote in the review: 'The prognosis for patients with early-onset GI cancers is similar to or worse than that for patients with later-onset GI cancers, highlighting the need for improved methods of prevention and early detection.' The American Cancer Society recommends people at average risk of colorectal cancer start regular screening at the age of 45. Before 2018, the ACS recommended screenings start at the age of 50. 'It never used to happen in this age group, and now a very significant rise in 20-, 30- and 40-year-olds are getting colon cancer,' Dr. John Marshall, chief medical consultant at the nonprofit Colorectal Cancer Alliance, who was not involved in the review, told NBC News. It's still unclear why young patients with gastrointestinal cancers could have worse survival rates than older patients. 'My personal feeling is that it's because we're finding them at a more advanced stage, because people don't really think of colon or other GI cancers when they see a young person with these nonspecific complaints,' Dr. Howard Hochster, director of gastrointestinal oncology at Rutgers Cancer Institute and RWJBarnabas Health in New Jersey, who was not involved in the review, told NBC News. But Ng said even when taking the stage of cancer into account, young patients still seem to have worse survival rates, and questioned whether there's a biological reason.

Retail traders are resurrecting a pandemic-era penny stock this week. Here's what's going on with Opendoor.
Retail traders are resurrecting a pandemic-era penny stock this week. Here's what's going on with Opendoor.

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Retail traders are resurrecting a pandemic-era penny stock this week. Here's what's going on with Opendoor.

The pandemic darling Opendoor has plunged in price since its IPO. However, the stock price has surged over 100% in price in recent trading sessions. Retail traders are piling in after a hedge fund manager announced a bullish position. A hedge fund manager's X post, eager retail investors, and some good old-fashioned r/WallStreetBets due diligence have created the perfect recipe for a new meme stock this week. Opendoor stock has soared 90% in the last five days, with shares of the company now trading at $1.73. The move is an unexpected reversal for the online home flipper, which went public via a Chamath Palihapitiya SPAC back in 2020 and has largely been discarded by Wall Street as a languishing penny stock. Once valued at a market cap of over $15 billion and a peak stock price of $35, shares fell from grace post-pandemic as the housing market cooled and the company experienced inventory write-downs. It's yet to post an annual profit since going public. Just two months ago, the company received a warning from Nasdaq that it could be delisted after the stock price failed to break above $1 for 30 consecutive days. In June, Opendoor announced a special meeting for later this month to discuss a reverse stock split in the order of 1‑for‑10 or as much as 1‑for‑50 in order to boost the value of its outstanding shares. This embedded content is not available in your region. What's driving the latest rally? A main driver behind Opendoor's recent rally was a recent X post from EMJ Capital founder Eric Jackson, in which he detailed his firm's position and investment thesis for the stock, as well as an $82 price target. The Canadian hedge fund manager is confident that Opendoor is a deep value turnaround company, with the potential to grow revenues from roughly $5 billion in 2024 to $12 billion by 2029. Jackson cited Opendoor's cost cutting efforts and market leadership, as well as potential rate cuts as positive catalysts for the stock. He also called for management reforms within the company and better operational execution. In Jackson's view, the stock has the potential to become a "100-bagger," returning over 1,000%. It's not Jackson's first time betting on an unloved stock. He's known for his bullish stance on Carvana back in 2023, when shares of the company were trading at $11. His bullish call paid off, as Carvana is now trading at over $350 a share. Retail investors answered the call after Jackson posted his Opendoor thesis and revealed his position. The stock's trading volume is currently nearing 250 million, well above its 90-day average of roughly 85 million, according to Yahoo! Finance data. As of Thursday morning, Opendoor was the third most trending stock on the site. And even before Jackson's announcement, investors on r/WallStreetBets had been chatting about the stock, with one user posting two months ago that they had opened a $155,000 position in OpenDoor. On the investing forum StockTwits, Opendoor is rated "extremely bullish" on the site's sentiment tracker, with message volume surging over the past 24 hours. Opendoor also has another hallmark of a classic meme stock: high levels of short interest, with 135.8 million shares, or 22% of its float, loaned to short-sellers. It's a signal that institutional investors are betting against Opendoor and creates a potential set-up for a short squeeze, where rising prices force short sellers to buy back shares and cause the stock to rally even more. While retail investors might be betting on a comeback, Wall Street sees a tough path ahead for the stock in the sluggish US housing market. Goldman Sachs gives Opendoor a $0.90 price target and a sell rating. Read the original article on Business Insider Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Federal Reserve's Waller says central bank should cut rates at next meeting
Federal Reserve's Waller says central bank should cut rates at next meeting

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Federal Reserve's Waller says central bank should cut rates at next meeting

WASHINGTON (AP) — A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts. Christopher Waller, a member of the Fed's governing board, said in a speech in New York City that the economy is showing signs of weakening, with consumer spending slowing and job gains cooling. The Fed should reduce borrowing costs to shore up spending and growth before the job market weakens further, Waller said. 'The economy is still growing, but its momentum has slowed significantly,' he said, adding that the slowdown threatens the Fed's goal of maximum employment. At the same time, President Donald Trump's sweeping tariffs are likely to only lift inflation temporarily and aren't a reason to postpone rate cuts, Waller said. 'Tariffs have boosted, and will continue to boost, inflation a bit above the (Fed's) 2% objective this year,' Waller said, but policymakers should 'look through tariff effects and focus on underlying inflation,' which he said is nearing the 2% goal. Waller has been mentioned as a potential replacement for Powell when the current chair's term expires in May 2026, or perhaps earlier if Trump takes the unprecedented step of firing Powell. Trump has threatened to fire Powell this year but on Wednesday said it was 'highly unlikely' he would take such a step. For his part, Powell has said the Fed wants to see the impact of the duties on prices and the economy before making any moves. Waller, a Trump appointee, has previously said that he would support a rate cut in July. Michelle Bowman, also a Trump appointee, has also spoken in favor of a cut. Minutes to the Fed's June 17-18 meeting said that only 'a couple' of the 19 members of the central bank's interest-rate setting committee supported a cut in July. Other participants — the minutes didn't say how many — said that the Fed should keep rates unchanged this year, since inflation remains above 2%. Consumer prices rose 2.7% in June from a year ago, the fastest pace in four months. Other potential replacements for Powell have also publicly expressed support for cutting rates soon, including Kevin Warsh, a former member of the Fed's board who stepped down in 2011. Warsh, currently a fellow at the Hoover Institution, said on Fox News' 'Sunday Morning Futures' earlier this week that he supported rate cuts. 'The president's right to be frustrated with Jay Powell and the Federal Reserve,' Warsh said.

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